OGDEN MUSEUM OF SOUTHERN ART INC (EIN 721479496) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

WILLIAM P ANDREWS

Phone

5045399650

Tax Period

2023-01-01 to 2023-12-31

OGDEN MUSEUM OF SOUTHERN ART INC, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.0M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO BROADEN THE KNOWLEDGE, UNDERSTANDING, AND APPRECIATION OF THE VISUAL ARTS AND CULTURE OF THE AMERICAN SOUTH.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,862,236

Program Service Revenue $597,525

Investment Income $172,633

Other Revenue $353,237

TOTAL REVENUE $2,985,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,909,161

Fundraising Expenses $873,241

Program Expenses $1,781,655

Other Expenses $1,428,369

TOTAL EXPENSES $3,337,530

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,985,631	$4,008,757	-0.3%
Expenses	$3,337,530	$2,988,182	+0.1%
Net Income	$-351,899	$1,020,575	-1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

100

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$348,938

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSIE HAYNES	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
GEOFFREY P SNODGRASS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JASON WAGUESPACK	TREASURER	1.00	Officer Director	$0	$0	$0
JUSTIN WOODS	SECRETARY	1.00	Officer Director	$0	$0	$0
COLEMAN E ADLER II	BOARD MEMBER	1.00	Director	$0	$0	$0
RON BECHET	BOARD MEMBER	1.00	Director	$0	$0	$0
TED BLOCH III MD	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLOS CARMONA	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACY COPELAND	BOARD MEMBER	1.00	Director	$0	$0	$0
KAYE COURINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT CUNNINGHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
BEVERLY DALE	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBRA FISCHMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
PENNY FRANCIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MONICA ANN FROIS	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM GOLDRING	BOARD MEMBER	1.00	Director	$0	$0	$0
L KASIMU HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
STUART HURT	BOARD MEMBER	1.00	Director	$0	$0	$0
R JACKSON LITTLE	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHERINE MAKK	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW MORELAND	BOARD MEMBER	1.00	Director	$0	$0	$0
DALE MOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
ROGER OGDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
DEANNA RODRIGUEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT SCHWARTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
TROY SCROGGINS	BOARD MEMBER	1.00	Director	$0	$0	$0
LLOYD SHIELDS	BOARD MEMBER	1.00	Director	$0	$0	$0
NATHALIE SIMON	BOARD MEMBER	1.00	Director	$0	$0	$0
CLEOPHUS THOMAS JR	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES D URSTADT	BOARD MEMBER	1.00	Director	$0	$0	$0
FERN WATTERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIE CANNON WEST	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARONDA WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM BRYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MONIQUE GARDNER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES KALYVAS	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM ANDREWS	EXECUTIVE MUSEUM DIRECTOR	40.00	Officer	$341,646	$7,292	$348,938

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$2,985,631	$3,337,530	$6,209,938	$-351,899
2022	$4,008,757	$2,988,182	$6,309,009	$1,020,575
2021	$3,102,822	$2,644,793	$10,468,657	$458,029
2020	$3,382,497	$3,233,643	$9,894,768	$148,854
2019	$5,146,750	$3,425,133	$9,181,003	$1,721,617
2018	$4,324,693	$3,413,038	$7,684,636	$911,655

OGDEN MUSEUM OF SOUTHERN ART INC